Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | +1.24% | -5.46% | -13.37% | -14.19% | -13.70% | -13.28% | +0.04% | -7.42% | -4.40% | -1.07% |
| Market-price total return | +1.24% | -4.89% | -11.91% | -11.35% | -9.42% | -7.54% | +6.42% | -2.26% | +0.68% | +4.42% |
| NAV return | +1.96% | -4.07% | -9.93% | -10.17% | -10.42% | -11.14% | -3.07% | -6.64% | -3.75% | -0.82% |
| NAV total return | +1.96% | -3.56% | -8.51% | -7.39% | -6.26% | -5.64% | +2.56% | -1.93% | +1.03% | +4.44% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.05% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.11% | 0.07% | as above |
| Volatility, 5 years | 0.11% | 0.07% | as above |
| Maximum drawdown, 3 years | -14.94% | -11.29% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.23 | -0.23 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.34 | -0.30 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.22 | — | SPY (U.S. equity ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.32 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Western Asset Managed Municipals Fund Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.